Fashion brand Stella McCartney and law firm Herbert Smith Freehills are among those employers on the shortlist for Best pensions strategy at the Employee Benefits Awards 2023.
This award was created to recognise businesses that have developed a pensions strategy which best meets the needs of employees, whether that includes reviewing and changing an existing pension provision, introducing a new scheme to run alongside existing provision, or implementing workplace savings options for staff, among other criteria.
The full category shortlist is:
- Geo Speciality Chemicals UK
- Herbert Smith Freehills
- Howdens
- National Foundation for Educational Research (NFER)
- Stella McCartney
At last year’s ceremony, the University of Lincoln scooped the accolade as a result of its workplace savings scheme, which auto-enrols student employees into an individual savings account (Isa) of their choice, enabling them to contribute up to 4% of their salary each month, which is matched by the university. The aim was to instil positive savings habits and educate younger employees about employee benefits, long-term savings, and financial resilience.
A spokesperson for the university said: “We’re delighted to win, we really didn’t think we stand a chance of winning in a category about pensions. We’ve been working on how young savers, in particular, can find savings vehicles relevant for them to engage with alongside pensions. We genuinely feel that the work we’ve done could change society for young savers and it’s lovely to be recognised.”
The Employee Benefits Awards 21st annual ceremony will be held at the Honourable Artillery Company, London on 23 June.
The daytime event will include a drinks reception, three-course meal, entertainment and the chance to network with industry professionals. The after-party will include live music, dodgems, a carousel and a big wheel in the venue’s private grounds.
For more information and to book your table.
Follow the action on Twitter via @EmployeeBenefit and join in the conversation using #EBAwards23.